First-time home buyers have led a surge this summer in demand in condo and townhouse markets. Homes priced between $350,000 and $750,000 have been subject to intense competition and multiple offers across the region.
On the other hand, detached homes have entered a balanced market. This means there is less upward pressure on prices and that buyers have more selection to choose from and more time to make their decisions.
For more in-depth information on August's market, please click below:
Greater Vancouver: REBGV August 2017 Stats Package
Fraser Valley: FVREB August 2017 Stats Package
Metro Vancouver: MVR August 2017 Stats Package
Metro Vancouver (簡體中文): MVR August 2017 Stats Package (簡體中文)